Attachments: FTMO - For serious traders

FTMO - For serious traders

#1,161
Feb 14, 2020 9:09am Feb 14, 2020 9:09am

tramtox
| Joined Feb 2020 | Status: Trader | 1 Post

Hi I am a stock trader and have been trying out the MT5 platform on demo mode with thinkmarkets. While it gives me $100k to trade with, I cannot open a position larger than 200-400 shares depending on the stock. If I was to take the 50k or 100k challenge, this is not enough margin to return 10% in a calendar month. I am aware that this may be a limitation purely on a demo account, but I was wondering if anyone has run into this issue. Below is a screenshot with the error that comes up when I try to buy a large number of shares that do not exceed the margin available.

I would assume that the real challenge would not have this issue and would like clarification regarding this matter before I take on the challenge.

Thanks, T.

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#1,162
Feb 14, 2020 4:52pm Feb 14, 2020 4:52pm

mbiesek
| Joined Feb 2020 | Status: Trader | 1 Post

Quoting tramtox

Disliked

Hi I am a stock trader and have been trying out the MT5 platform on demo mode with thinkmarkets. While it gives me $100k to trade with, I cannot open a position larger than 200-400 shares depending on the stock. If I was to take the 50k or 100k challenge, this is not enough margin to return 10% in a calendar month. I am aware that this may be a limitation purely on a demo account, but I was wondering if anyone has run into this issue. Below is a screenshot with the error that comes up when I try to buy a large number of shares that do not exceed...

Ignored

Hi there, i also trade stocks and ran into the same problem on thinkmarkets. I opened a demo account through thinkmarkets and like yourself i am limited to the amount of shares i can trade. My guess is that this is because my demo account through thinkmarkets is a “standard” one and if its opened through ftmo it will be a different type with different margin/leverage.

Another issue i have is with the Mt5 platform. In the one click trading option it does not allow me to type in more than 1000 shares (illustrated in the image below). Even when trading on admiral markets mt5 web trader i was not able to type in more than 500. Instead for a position of 5000 shares on $PCG i had to click 500 shares 10 times.

if anyone knows how to bypass those issues it would be greatly appreciated.

Many Thanks.

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#1,163
Feb 14, 2020 9:39pm Feb 14, 2020 9:39pm

forextrends
| Membership Revoked | Joined Nov 2010 | 467 Posts

Those of you using FTMO or seeking funding, you will need a complete verifiable system with low drawdown. Here are Thursdays signals from my system.

TODAY’S GBP STRENGTH AND LIVE FOREX TRADING SIGNALS

Today (Thursday 2-13-2020) in the main session forex trading the GBP was strong on all pairs in this currency group. This drove strong price movements during the main trading session. Images of the live forex trading signals from The Forex Heatmap

and price chart movement for these pairs is shown below. Pairs like the GBP/NZD and GBP/CHF moved up on the H1 time frame. These pairs are still inside resistance levels on the H4 and D1 time frames, and the GBP pairs are slightly choppy, so we would scale out lots on any buys. These live currency trading signals and trend based trading plans for 28 pairs can be found on our website at Forexearlywarning.com.

https://www.forexearlywarning.com/the-forex-heatmap

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#GBPCHF #GBPNZD #forexsignals #forextrading #trading #daytrading #forexalerts #currencytrading #forex British Pound GBP/CHF GBP/NZD

#1,164
Feb 15, 2020 1:59am Feb 15, 2020 1:59am

duxis
| Joined May 2008 | Status: Trader | 464 Posts

https://www.automatedtradingsoftware...e-been-warned/

#1,165
Feb 15, 2020 10:49am Feb 15, 2020 10:49am

FX.PipEngine
| Joined Dec 2019 | Status: A.J.I. | 121 Posts

Where can I download the new ftmo mt4....I dont seem to be able to download it directly from my client area....or if someone could share the setup

#1,166
Feb 15, 2020 10:55am Feb 15, 2020 10:55am

mcquak
Joined Mar 2013 | Status: Inactive | 526 Posts

Quoting FX.PipEngine

Disliked

Where can I download the new ftmo mt4....I dont seem to be able to download it directly from my client area....or if someone could share the setup

Ignored

Speaking about mt4,technically there is not any need to download new MT4 for every brokerage account you have got. Using common MT4 terminal and add proper/correct login information is sufficient. Quite handy to have only one DATA/MQL location for all accounts.

https://www.metaquotes.net/en/metatr...d_trading/mql4

If you want/need to have separate mt4 terminal locations, you can just xcopy local directory structure containing mt4 files into another one, create shortcut to exe and that's it

#1,167
Feb 16, 2020 7:56am Feb 16, 2020 7:56am

Mafia
| Joined Jan 2013 | Status: Trader | 421 Posts

Hello traders

I have some questions

how do FTMO calculate the DD?

Can you please share the formula?

for example i am trading 100K challenge and i have booked 5K profit and my running loss is 4K, what would be the DD showing in my profile?

if i open detailed statement from my mt4 they also show the relative DD and absolute DD. Does FTMO's DD calculation is same as mt4 calculation?

Thanks.

https://my.hfm.com/en/hfcopy/provider-details.html?provider=78024851

#1,168
Feb 16, 2020 8:19am Feb 16, 2020 8:19am

fx11trade
| Additional Username | Joined Dec 2018 | 143 Posts

Quoting Mafia

Disliked

Hello traders I have some questions how do FTMO calculate the DD? Can you please share the formula? for example i am trading 100K challenge and i have booked 5K profit and my running loss is 4K, what would be the DD showing in my profile? if i open detailed statement from my mt4 they also show the relative DD and absolute DD. Does FTMO's DD calculation is same as mt4 calculation? Thanks.

Ignored

How about you check the website and stop being so lazy?

#1,169
Feb 16, 2020 8:40am Feb 16, 2020 8:40am

Mafia
| Joined Jan 2013 | Status: Trader | 421 Posts

Quoting fx11trade

Disliked

{quote} How about you check the website and stop being so lazy?

Ignored

there is nothing related to my questions in FAQs there

https://my.hfm.com/en/hfcopy/provider-details.html?provider=78024851

#1,170
Feb 16, 2020 8:59am Feb 16, 2020 8:59am

mizi123
Joined Jan 2015 | Status: Never underestimate value of an pip | 4,682 Posts

Quoting Mafia

Disliked

{quote} there is nothing related to my questions in FAQs there

Ignored

Do you use stop/lose TP?

#1,171
Feb 16, 2020 9:45am Feb 16, 2020 9:45am

benaiah
Joined Jul 2013 | Status: Trader | 2,059 Posts

Quoting Mafia

Disliked

Hello traders I have some questions how do FTMO calculate the DD? Can you please share the formula? for example i am trading 100K challenge and i have booked 5K profit and my running loss is 4K, what would be the DD showing in my profile? if i open detailed statement from my mt4 they also show the relative DD and absolute DD. Does FTMO's DD calculation is same as mt4 calculation? Thanks.

Ignored

Maximum daily loss, and max loss explained here:

https://ftmo.com/en/welcome/#maximum-daily-loss
https://ftmo.com/en/welcome/#maximum-loss

#1,172
Feb 16, 2020 9:58am Feb 16, 2020 9:58am

Mafia
| Joined Jan 2013 | Status: Trader | 421 Posts

Quoting benaiah

Disliked

{quote} Maximum daily loss, and max loss explained here: https://ftmo.com/en/welcome/#maximum-daily-loss https://ftmo.com/en/welcome/#maximum-loss

Ignored

Thanks

https://my.hfm.com/en/hfcopy/provider-details.html?provider=78024851

#1,173
Feb 16, 2020 9:59am Feb 16, 2020 9:59am

Mafia
| Joined Jan 2013 | Status: Trader | 421 Posts

Quoting mizi123

Disliked

{quote} Do you use stop/lose TP?

Ignored

no... i trade without stoploss

https://my.hfm.com/en/hfcopy/provider-details.html?provider=78024851

#1,174
Feb 16, 2020 10:08am Feb 16, 2020 10:08am

Mafia
| Joined Jan 2013 | Status: Trader | 421 Posts

one more question

if i start funded account in march 2020, i trade minimum 10 days and i book any amount of profit i take my 70%, but in april 2020 i dont trade at all. am i eligible to trade on same account in may 2020?

https://my.hfm.com/en/hfcopy/provider-details.html?provider=78024851

#1,175
Feb 16, 2020 1:00pm Feb 16, 2020 1:00pm

mizi123
Joined Jan 2015 | Status: Never underestimate value of an pip | 4,682 Posts

Quoting Mafia

Disliked

one more question if i start funded account in march 2020, i trade minimum 10 days and i book any amount of profit i take my 70%, but in april 2020 i dont trade at all. am i eligible to trade on same account in may 2020?

Ignored

Honestly i answer you as a friend i don't want misundestading like first trading without SL is recepy for failure (soner or later) and market has proven these to me a several time during these period in wich i em in from 2013 down you have an prove 2 times fist one USD/CHF and second time was with USD/JPY.
Like 1st on founded account you are not limited to do these or that % of winers, you can trade whenever you want, you are not limited with trading days, just drawdown remains allways 5-10 % in weekend you have to close trades...

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